ArmInfo.A bond issue has been released to mark the completion of the Dalan Technopark consruction, as announced by the CUBE INVEST management, the investment company acting as the underwriter and market maker for these corporate debt securities, at the International PLUS Forum FinnoWay Armenia 2025.
According to official sources, the DALAN TECHNOLOGIES LLC is the issuer of the bonds, with an authorized capital of 7,316,180,000 Armenian drams (AMD) (EUR 16.5 million). The company's balance sheet total for the first six months of this year is AMD 24,593,708,000 and the net profit amounted to AMD 129,925,000. The prospectus for the securities issue was registered by the Central Bank of Armenia on October 8, 2025. The placement was announced on October 10.
According to CUBE INVEST, the placement of nominal coupon bonds will take place from November 10, 2025, to April 10, 2026, in both AMD and USD tranches
According to the prospectus, the company plans to issue 25,000 dram-denominated bonds with a par value of AMD 100,000 per bond and 100,000 dollar-denominated bonds with a par value of USD 100. The maturity of both issues is 36 months. The coupon yield on the Dram bonds is 13.50% per annum, while the dollar bonds bear 8.75%. Coupon payments will be made every six months. The placement is being conducted over-the-counter using the direct sales method by the investment company CUBE INVEST.
Dalan Technopark is the most unique architectural and urban development project in Armenia's modern history, a project certified to international standards, including LEED (LEED v4 for BD+C: Core and Shell) and BOMA (ANSI/BOMA Z65.1-2017). It is designed to create a completely new level of business environment for Armenia, combining all the necessary conditions for effective work, collaboration, and development. The project is designed to accommodate over 3,000 employees and is expected to become one of the most important business hubs in the region, with a development area of over 154,000 square meters.
Construction work on the technopark began in January 2023. Currently, approximately 80 percent of the work is complete, the two main buildings are connected by a unique arch, and construction of the standardized floors is underway. The project is scheduled for completion by the end of 2026.
